Asevere freeze has once again damaged the florida orange crop. the impact on the market for oranges will be a leftward shift in a. the supply curve. b. the supply curve and a rightward shift in the demand curve, which will result in a higher price. c. both the supply and demand curves. d. demand as consumers try to economize because of the shortage. review

The manager of the quick stop corner convenience store (which never closes) sells four cases of stein beer each day. order costs are $8.00 per order, and stein beer costs $.80 per six-pack (each case of stein beer contains four six-packs). orders arrive three days from the time they are placed. daily holding costs are equal to 5 percent of the cost of the beer. if he were to order 16 cases of stein beer at a time, what would be the average inventory level? a. 0.25 days b. 3 days c. 1 day d. 4 days e. 20 days